APRA finalises CPG 230 – Guidance on operational resilience

APRA has released CPG 230, the prudential practice guide to help banks, insurers and superannuation trustees strengthen their management of operational risk and improve business continuity planning.

The new Prudential Practice Guide CPG 230 Operational Risk Management is designed to assist in the implementation of Prudential Standard CPS 230 Operational Risk Management which takes effect from 1 July 2025. 

APRA Chair John Lonsdale said operational resilience was becoming increasingly important in the digital financial age.

“Disruptions to financial services can have a major impact on people who rely on them to save, spend, recover from financial loss or support themselves in retirement. 

“CPS 230 is designed to ensure entities safeguard the resilience of their operations and are well prepared to respond to disruptions. By amending the accompanying guidance, we aim to keep industry standards high while also being mindful of the compliance burden on smaller entities so they can remain competitive.”

The digitalised version of CPG 230 is now available on Regulationcity.com.

For easy to navigate digital versions of every financial services regulation, sign up for your free version of RegulationCity here.

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